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12 <br /> C. PUBLIC PURPOSE OBJECTIVES <br /> It is the policy of the City and EDA of Ramsey that the business assistance should result in a public <br /> benefit as identified in items 1-10 below. Please indicate how the proposed project will accomplish <br /> this by checking the appropriate boxes. Attach additional narrative as Part 7. <br /> F-1 1. To encourage redevelopment. <br /> Fx-1 2. To retain local jobs and/or increase the number and diversity of jobs that offer stable <br /> employment and/or attractive wages and benefits. <br /> Fx-1 3. To enhance and/or diversify the City's economic base. <br /> F-1 4. To encourage additional unsubsidized private(re)development. <br /> F-1 5. To remove blight and/or encourage(re)development of commercial and industrial <br /> areas. <br /> Fx-1 6. To create housing opportunities. <br /> F-1 7. To provide a diversity of housing. <br /> F-1 8. To provide a variety of family housing ownership alternatives and housing choices. <br /> F-1 9. To promote neighborhood stabilization and revitalization by the removal of blight <br /> and the upgrading of existing housing stock in residential areas. <br /> F-1 10. To accomplish other public policies which maybe adopted such as the promotion of <br /> quality urban or architectural design, energy conservation, and decreasing capital <br /> and/or operating costs of local government. <br /> ■ Utilization of architectural and landscaping techniques that will enable the <br /> components of the project to blend with the natural environment. <br /> ■ Mitigation of project impact on the natural environment. <br /> D. SOURCES &USES OF FUNDS <br /> Attach additional information as Part 8 <br /> SOURCES AMOUNT <br /> Bank Loan $ <br /> Other Loans $ <br /> Owner Equity $ 11,222,030 <br /> Fed Grant/Loan $ <br /> State Grant/Loan $ <br /> Industrial Development Bonds $ <br /> Tax Increment Financing $ 11500,000 <br /> Tax Abatement $ <br /> Revolving Loan Fund $ <br /> Other $ <br /> TOTAL $ 1277227030 <br />